Premium Bond Winner ?

redpete

MDMD wrote: »

Both million prize winners from Leicester for some reason

The reason is that the owners of the two randomly drawn numbers both live in Leicester.

atush

My son received a cheque yesterday 1x 25 on a holding of only 100.

Anouchka

I have 20 Premium Bonds which I have held for near-on 58 years and I have never won a thing!

Eco_Miser

I once won £25 on a holding of less than £21 (it was a long time ago, and I got Premium Bonds as presents).

With small holdings winning is totally random; with large holdings, it's still totally random, but tends to cluster round the statistical expectation.

bigfreddiel

Anouchka wrote: »

I have 20 Premium Bonds which I have held for near-on 58 years and I have never won a thing!

So that's the equivalent of holding £13,929 for one month.

58 x 12 x 20

Not sure what that tells us, but there you go.

fj

bigfreddiel

darkidoe wrote: »

Anyone here won one of the bigger prizes before?

I've had £500 twice many years ago!

fj

FOREVER21

Nothing again for me this month.

I have PB in various denominations £1 , £5 , £10, etc. Also one holding of £10k on one bond, over the course of the years I have had a number of prizes max £100 one month.

Now whilst I realise the draw is random it is very interesting to note that all my winnings have been from numbers in the £10k batch.
So much so that I am tempted to cash in all the small holdings and consolidate them into a higher rate bond.

I wonder if this would help my chances?

Eco_Miser

FOREVER21 wrote: »

Now whilst I realise the draw is random it is very interesting to note that all my winnings have been from numbers in the £10k batch.
So much so that I am tempted to cash in all the small holdings and consolidate them into a higher rate bond.

What proportion of your entire holding is the £10k bond? I suspect over 90%, if so then having over 90% of your wins from that bond would be entirely expected, and 100% well with probability.
Cashing in your small bonds would not improve your chances, and would in fact slightly lessen them, as you would be out of a draw.

FOREVER21

Eco_Miser wrote: »

What proportion of your entire holding is the £10k bond? I suspect over 90%, if so then having over 90% of your wins from that bond would be entirely expected, and 100% well with probability.
Cashing in your small bonds would not improve your chances, and would in fact slightly lessen them, as you would be out of a draw.

The £10k is only 30% of total, so wins are against the expected odds.
Guess it must just be a lucky range😕

jessy-eve

Hi all, new to this thread. I was given a small holding of premium bonds when i turned 18 from my mother. since then i have been adding small amounts by standing order ever since. Currently own £10k worth in bonds ranging from £1000, to £200 sizings.

Can anybody explain to me how the size of the bonds you buy in one go can affect your chances? e.g. is better to buy £200 a month or wait and buy £1000 every 5 months? So confused! appreciate any help